Brent Crude

Both Brent and West Texas Intermediate contracts shed 5% overnight before staging a minor recovery.

Russian and Saudi oil ministers broker deal between 24 producers to extend their ongoing output cuts.

Khalid Al-Falih also said he was not concerned about US shale production and described it as necessary.

Most crude producers want production cuts to be extended for 6 to 9 months but Kuwait wants more.

An influential oil producers' committee has proposed rolling over ongoing output cuts.

Precious metals rose for much of the European session fuelled by volatility in currency markets and political uncertainty.

Brent, WTI futures jump as market prices in fresh output cuts by major oil exporters.

Brent, WTI futures ticked higher as the market soaked in near-certainty of fresh output cuts by major oil exporters.

Many money managers were withdrawing bets on higher oil prices before Saudi-Russian announcement reignited interest.

Major oil producers pledge to do "whatever it takes" to cut production to curb current oil glut.

Tokyo's Nikkei 225 benchmark index rises 0.3% to 19,959.97 points.

Prospect of rising US shale production continues to neuter possible price boost from Opec output cut extension.

Saudi Arabia's Opec governor claims major oil producers were converging on the need to extend production cuts.

Market sentiment increasingly factoring incremental shale oil barrels as Baker Hughes records another US rig count rise.

Tug of market direction between higher US oil production and Opec output cuts is in full play.

Brent and WTI register steep declines as market continues to give more weight to rising US shale production.

Quotes from key producers over possible output cuts fail to fire traders' imagination.

Market chatter on fresh Saudi-Russia pact stems oil price decline as threat from rising US shale production rises.

Risk-driven safe-haven rally ends as gold declines by over $10, faced with a stronger greenback.

Rise in supply of Chinese steel made from cheaper iron ore and global oversupply have triggered a heavy drop in ore prices.

As the greenback slid on the president's comments, safe-haven investors extended gold trades.

Geopolitical risk remained the primary driver of major commodities contracts with gold leading the way.

Escalating war of words between Russia and the West, plus North Korea and Brexit, send gold up by nearly $20.

Commodities market sees a barrage of safe-haven calls with substantial spikes in precious metal and oil futures.

Bearish data from US failed to halt gains in oil market as traders speculate over extension of Opec cuts.

As the dollar strengthened, gold futures and spot price took a tumble.

Worries over French presidential election, Trump and Brexit drive gold market sentiment as the dollar weakens.

Traders are also awaiting the RBA's monetary policy decision which is expected to be announced later in the day.

Libyan production rebound puts pressure on crude futures riding high on the back of Opec output cut chatter.

Investors remain concerned over Donald Trump's first meeting with Chinese President Xi Jinping this week.